Credit Union Index AN ANALYSIS OF NEW MEXICO CREDIT UNIONS

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Geoffrey Hoover
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1 Credit Union Index AN ANALYSIS OF NEW MEXICO CREDIT UNIONS

2 Credit Union Index The Credit Union Index is published by the New Mexico ASSET SIZE DEFINITION New Mexico office of Moss Adams. For more ALBUQUERQUE Group A $0 $250 million information on the data presented in this report, contact Rebecca Radell, Senior Manager, at (209) Americas Parkway NE Suite 600 Albuquerque, NM (505) Group B Group C $251 million $500 million $501 million $1 billion Group D Over $1 billion

3 New Mexico

4 Performance Analysis

5 Performance Analysis March 31, 2018 Run Date: June 7, 2018 As of Date Quarter to Date Year to Date Region Institution Name Total Assets ($000) Net Income (Loss) ($000) Return on Avg Assets (%) Return on Avg Net Worth (%) Oper Exp/ Oper Rev (%) Salary&Benefits/ Employees ($000) Net Income (Loss) ($000) Return on Avg Assets (%) Return on Avg Net Worth (%) Oper Exp/ Oper Rev (%) Salary&Benefits/ Employees ($000) Asset Group A - $0 to $250 million in total assets Mt. Taylor Federal Credit Union $2,258 $1 0.18% 1.10% % $20 $1 0.18% 1.10% % $20 Rincones Presbyterian Credit Union $3,915 $6 0.62% 5.47% 87.23% $25 $6 0.62% 5.47% 87.23% $25 Fort Bayard Federal Credit Union $4,575 ($1) (0.09%) (0.47%) % $44 ($1) (0.09%) (0.47%) % $44 Deming Schools Employees Credit Union $4,882 $ % 7.16% 67.31% $42 $ % 7.16% 67.31% $42 Quay Schools Federal Credit Union $6,476 $ % 7.33% 67.00% $47 $ % 7.33% 67.00% $47 U-1st Community Federal Credit Union $6,603 $ % 4.23% 85.71% $55 $ % 4.23% 85.71% $55 Telco Roswell New Mexico Federal Credit Union $7,746 $7 0.36% 1.62% 85.71% $51 $7 0.36% 1.62% 85.71% $51 Questa Credit Union $9,141 $ % 9.31% 58.33% $43 $ % 9.31% 58.33% $43 Florist Federal Credit Union $10,148 ($60) (2.42%) (20.13%) % $51 ($60) (2.42%) (20.13%) % $51 Internationalites Federal Credit Union $11,063 $ % 2.81% 80.19% $56 $ % 2.81% 80.19% $56 High Desert Community Credit Union $14,323 $ % 8.91% 71.85% $42 $ % 8.91% 71.85% $42 Cuba Credit Union $15,968 $ % 3.82% 80.27% $43 $ % 3.82% 80.27% $43 Los Alamos Schools Credit Union $19,355 $ % 6.17% 73.78% $72 $ % 6.17% 73.78% $72 Northern New Mexico School Employee Federal Credit Union $22,081 $ % 4.38% 95.22% $75 $ % 4.38% 95.22% $75 Jemez Valley Credit Union $22,969 $ % 7.05% 78.95% $46 $ % 7.05% 78.95% $46 Four Corners Federal Credit Union $23,177 $ % 2.12% 92.96% $48 $ % 2.12% 92.96% $48 Chaves County School Employees Credit Union $26,077 $ % 2.71% 83.24% $56 $ % 2.71% 83.24% $56 Roswell Community Federal Credit Union $28,221 $ % 7.48% 75.82% $95 $ % 7.48% 75.82% $95 Everyone's Federal Credit Union $30,690 $8 0.11% 0.71% 97.75% $46 $8 0.11% 0.71% 97.75% $46 Belen Railway Employees Credit Union $31,272 $ % 14.66% 57.72% $64 $ % 14.66% 57.72% $64 Financial Security Credit Union $45,226 $ % 4.26% 84.97% $56 $ % 4.26% 84.97% $56 LOCO Credit Union $47,508 $ % 8.11% 65.03% $68 $ % 8.11% 65.03% $68 Eddy Federal Credit Union $52,454 $ % 3.81% 88.19% $51 $ % 3.81% 88.19% $51 Southwest Federal Credit Union $62,061 $7 0.05% 0.60% 97.30% $58 $7 0.05% 0.60% 97.30% $58 Estacado Federal Credit Union $62,529 $ % 5.45% 77.20% $65 $ % 5.45% 77.20% $65 Cannon Federal Credit Union $65,803 $ % 12.79% 80.20% $42 $ % 12.79% 80.20% $42 Artesia Credit Union $100,129 $ % 9.48% 63.06% $72 $ % 9.48% 63.06% $72 Animas Credit Union $134,643 $ % 10.20% 75.87% $56 $ % 10.20% 75.87% $56 ZIA Credit Union $143,650 $ % 12.44% 80.82% $67 $ % 12.44% 80.82% $67 Guadalupe Credit Union $168,143 $ % 11.33% 76.67% $61 $ % 11.33% 76.67% $61 Average of Asset Group A $39,436 $ % 5.16% 82.54% $54 $ % 5.16% 82.54% $54 Asset Group B - $251 to $500 million in total assets White Sands Federal Credit Union $306,621 $ % 5.22% 77.92% $45 $ % 5.22% 77.92% $45 Otero Federal Credit Union $316,548 $ % 4.99% 80.64% $52 $ % 4.99% 80.64% $52 Rio Grande Credit Union $331,065 $1, % 12.16% 63.04% $58 $1, % 12.16% 63.04% $58 Average of Asset Group B $318,078 $ % 7.46% 73.87% $52 $ % 7.46% 73.87% $52 Asset Group C - $501 million to $1 billion in total assets State Employees Credit Union $533,836 $1, % 12.05% 67.76% $73 $1, % 12.05% 67.76% $73 First Financial Credit Union $547,665 $ % 5.55% 73.84% $63 $ % 5.55% 73.84% $63 Del Norte Credit Union $616,727 $1, % 7.01% 69.80% $73 $1, % 7.01% 69.80% $73 Sandia Area Federal Credit Union $680,293 $1, % 9.26% 64.16% $47 $1, % 9.26% 64.16% $47 Kirtland Federal Credit Union $796,051 $1, % 4.02% 71.65% $79 $1, % 4.02% 71.65% $79 U.S. Eagle Federal Credit Union $986,700 $1, % 7.17% 70.66% $70 $1, % 7.17% 70.66% $70 Average of Asset Group C $693,545 $1, % 7.51% 69.65% $68 $1, % 7.51% 69.65% $68 Asset Group D - $1 billion and over in total assets Nusenda Federal Credit Union $2,167,710 $6, % 11.82% 65.07% $76 $6, % 11.82% 65.07% $76 Sandia Laboratory Federal Credit Union $2,521,046 $5, % 8.35% 66.56% $82 $5, % 8.35% 66.56% $82 Average of Asset Group D $2,344,378 $5, % 10.09% 65.82% $79 $5, % 10.09% 65.82% $79 Source: SNL Financial NA = data was not available. NM = per SNL Financial, the data was not provided as the ratios are too high/low to be meaningful. Performance Data Page 3 of 10

6 Balance Sheet & Net Interest Margin

7 NM = per SNL Financial, the data was not provided as the ratios are too high/low to be meaningful. BS & NIM Data Page 5 of 10 Balance Sheet & Net Interest Margin March 31, 2018 Run Date: June 7, 2018 As of Date Year to Date Region Institution Name Total Assets ($000) Total Lns & Leases ($000) Total Shares & Deposits ($000) Total Loans/ Total Shares (%) Assets/ FTE Employees ($000) Yield on Avg Assets (%) Interest Expense/ Avg Assets (%) Net Interest Income/ Avg Assets (%) Asset Growth Rate (%) Market Growth Rate (%) Asset Group A - $0 to $250 million in total assets Mt. Taylor Federal Credit Union $2,258 $627 $1, % $2, % 0.18% 1.79% 10.55% 12.41% Rincones Presbyterian Credit Union $3,915 $2,858 $3, % $1, % 0.62% 3.92% 8.66% 9.44% Fort Bayard Federal Credit Union $4,575 $2,683 $3, % $1, % 0.18% 4.58% 23.12% 29.10% Deming Schools Employees Credit Union $4,882 $2,304 $3, % $2, % 0.74% 4.25% (2.28%) (3.76%) Quay Schools Federal Credit Union $6,476 $4,227 $5, % $1, % 0.63% 5.59% 13.34% 14.77% U-1st Community Federal Credit Union $6,603 $4,347 $5, % $2, % 0.12% 4.27% (16.10%) (19.56%) Telco Roswell New Mexico Federal Credit Union $7,746 $4,997 $5, % $2, % 0.77% 3.66% (2.05%) (3.11%) Questa Credit Union $9,141 $5,702 $6, % $3, % 0.32% 4.88% 27.60% 36.13% Florist Federal Credit Union $10,148 $5,764 $8, % $1, % 0.52% 3.47% 19.17% 24.22% Internationalites Federal Credit Union $11,063 $4,897 $9, % $3, % 0.29% 2.70% 7.85% 9.00% High Desert Community Credit Union $14,323 $11,473 $12, % $3, % 1.00% 3.57% 40.57% 45.62% Cuba Credit Union $15,968 $6,544 $13, % $3, % 0.78% 2.92% 3.21% 3.26% Los Alamos Schools Credit Union $19,355 $11,667 $16, % $4, % 0.32% 3.25% 16.77% 18.37% Northern New Mexico School Employee Federal Credit Union $22,081 $9,573 $20, % $3, % 0.11% 3.24% 4.30% 4.38% Jemez Valley Credit Union $22,969 $12,520 $19, % $2, % 0.49% 3.67% (1.65%) (2.75%) Four Corners Federal Credit Union $23,177 $8,527 $19, % $1, % 1.02% 3.34% 2.27% 2.00% Chaves County School Employees Credit Union $26,077 $8,721 $21, % $5, % 0.06% 2.12% 8.38% 10.43% Roswell Community Federal Credit Union $28,221 $15,818 $24, % $5, % 0.33% 3.20% 17.12% 18.37% Everyone's Federal Credit Union $30,690 $14,048 $24, % $1, % 0.33% 2.88% 17.71% 22.37% Belen Railway Employees Credit Union $31,272 $19,739 $26, % $4, % 0.53% 3.89% 8.40% 7.42% Financial Security Credit Union $45,226 $25,726 $39, % $2, % 0.25% 3.47% 14.60% 16.24% LOCO Credit Union $47,508 $20,852 $40, % $3, % 0.51% 4.86% 0.88% 0.60% Eddy Federal Credit Union $52,454 $25,701 $45, % $2, % 0.31% 3.16% (2.11%) (3.34%) Southwest Federal Credit Union $62,061 $32,448 $57, % $2, % 0.41% 3.37% 5.77% 24.71% Estacado Federal Credit Union $62,529 $35,469 $54, % $3, % 0.31% 4.42% 22.56% 20.66% Cannon Federal Credit Union $65,803 $34,638 $60, % $3, % 0.30% 3.46% 9.35% 8.48% Artesia Credit Union $100,129 $70,064 $84, % $6, % 0.42% 2.85% 12.61% 14.02% Animas Credit Union $134,643 $81,734 $122, % $3, % 0.20% 2.84% 17.38% 18.99% ZIA Credit Union $143,650 $108,215 $130, % $2, % 0.33% 4.00% 20.44% 21.48% Guadalupe Credit Union $168,143 $123,065 $147, % $2, % 0.36% 4.87% 13.01% 14.38% Average of Asset Group A $39,436 $23,832 $34, % $2, % 0.42% 3.62% 10.71% 12.48% Asset Group B - $251 to $500 million in total assets White Sands Federal Credit Union $306,621 $197,189 $278, % $2, % 0.37% 3.06% 13.11% 13.16% Otero Federal Credit Union $316,548 $151,196 $270, % $3, % 0.26% 2.66% 13.35% 14.93% Rio Grande Credit Union $331,065 $238,734 $281, % $2, % 0.59% 4.13% 14.24% 13.52% Average of Asset Group B $318,078 $195,706 $276, % $2, % 0.41% 3.28% 13.57% 13.87% Asset Group C - $501 million to $1 billion in total assets State Employees Credit Union $533,836 $419,214 $469, % $3, % 0.72% 3.02% 14.42% 14.44% First Financial Credit Union $547,665 $412,509 $501, % $2, % 0.32% 3.53% 21.51% 25.79% Del Norte Credit Union $616,727 $430,313 $539, % $4, % 0.17% 3.05% 16.49% 17.93% Sandia Area Federal Credit Union $680,293 $621,914 $586, % $4, % 0.52% 2.21% 11.56% 10.15% Kirtland Federal Credit Union $796,051 $529,858 $640, % $5, % 0.80% 2.70% 7.15% 7.61% U.S. Eagle Federal Credit Union $986,700 $749,287 $873, % $4, % 0.67% 3.13% 11.06% 12.47% Average of Asset Group C $693,545 $527,183 $601, % $4, % 0.53% 2.94% 13.70% 14.73% Asset Group D - $1 billion and over in total assets Nusenda Federal Credit Union $2,167,710 $1,719,671 $1,919, % $4, % 0.31% 3.39% 22.30% 24.59% Sandia Laboratory Federal Credit Union $2,521,046 $1,264,042 $2,254, % $7, % 0.58% 2.11% 7.50% 8.54% Average of Asset Group D $2,344,378 $1,491,857 $2,087, % $6, % 0.45% 2.75% 14.90% 16.57% Source: SNL Financial NA = data was not available.

8 Asset Quality

9 NM = per SNL Financial, the data was not provided as the ratios are too high/low to be meaningful. Asset Quality Data Page 7 of 10 Asset Quality March 31, 2018 Run Date: June 7, 2018 Region Institution Name Total Assets ($000) Delinquent Loans => 2 months ($000) NPLs / Loans (%) As of Date Loan Loss Reserves / Gross Loans (%) Reserves / NPLs (%) NPAs / Equity + LLRs (%) Delinquent Loans/ Assets (%) Asset Group A - $0 to $250 million in total assets Mt. Taylor Federal Credit Union $2,258 $5 0.80% 1.44% % 1.35% 0.22% Rincones Presbyterian Credit Union $3,915 $ % 1.82% % 6.88% 0.87% Fort Bayard Federal Credit Union $4,575 $ % 2.83% % 6.49% 1.31% Deming Schools Employees Credit Union $4,882 $ % 1.56% 33.96% 10.66% 2.17% Quay Schools Federal Credit Union $6,476 $ % 1.85% % 1.05% 0.20% U-1st Community Federal Credit Union $6,603 $ % 1.29% % 0.91% 0.15% Telco Roswell New Mexico Federal Credit Union $7,746 $4 0.08% 1.40% NM 2.28% 0.05% Questa Credit Union $9,141 $ % 1.51% % 1.19% 0.31% Florist Federal Credit Union $10,148 $ % 0.75% 65.15% 5.48% 0.65% Internationalites Federal Credit Union $11,063 $ % 0.41% % 1.15% 0.18% High Desert Community Credit Union $14,323 $ % 0.91% 72.73% 9.19% 1.00% Cuba Credit Union $15,968 $ % 1.05% 59.48% 6.89% 0.73% Los Alamos Schools Credit Union $19,355 $6 0.05% 0.43% % 0.25% 0.03% Northern New Mexico School Employee Federal Credit Union $22,081 $ % 0.34% 89.19% 2.11% 0.17% Jemez Valley Credit Union $22,969 $ % 0.42% 35.33% 4.52% 0.65% Four Corners Federal Credit Union $23,177 $ % 1.24% % 0.78% 0.13% Chaves County School Employees Credit Union $26,077 $1 0.01% 0.46% NM 0.02% 0.00% Roswell Community Federal Credit Union $28,221 $ % 0.36% % 0.40% 0.05% Everyone's Federal Credit Union $30,690 $ % 1.17% % 1.27% 0.11% Belen Railway Employees Credit Union $31,272 $ % 0.66% 72.78% 4.28% 0.58% Financial Security Credit Union $45,226 $ % 0.83% 77.82% 4.76% 0.61% LOCO Credit Union $47,508 $ % 2.16% % 2.69% 0.33% Eddy Federal Credit Union $52,454 $ % 1.63% NM 0.77% 0.05% Southwest Federal Credit Union $62,061 $ % 0.41% 30.77% 14.15% 0.69% Estacado Federal Credit Union $62,529 $ % 0.96% % 3.04% 0.32% Cannon Federal Credit Union $65,803 $ % 1.72% % 6.04% 0.33% Artesia Credit Union $100,129 $ % 0.73% % 2.82% 0.41% Animas Credit Union $134,643 $ % 0.45% 41.96% 7.71% 0.65% ZIA Credit Union $143,650 $1, % 0.84% 84.00% 9.91% 0.75% Guadalupe Credit Union $168,143 $1, % 1.26% % 7.35% 0.72% Average of Asset Group A $39,436 $ % 1.10% % 4.21% 0.48% Asset Group B - $251 to $500 million in total assets White Sands Federal Credit Union $306,621 $ % 0.50% % 2.39% 0.21% Otero Federal Credit Union $316,548 $ % 0.45% % 1.69% 0.08% Rio Grande Credit Union $331,065 $1, % 1.28% % 3.90% 0.53% Average of Asset Group B $318,078 $ % 0.74% % 2.66% 0.27% Asset Group C - $501 million to $1 billion in total assets State Employees Credit Union $533,836 $1, % 0.96% % 3.46% 0.31% First Financial Credit Union $547,665 $3, % 1.10% % 8.25% 0.66% Del Norte Credit Union $616,727 $1, % 0.69% % 2.43% 0.23% Sandia Area Federal Credit Union $680,293 $1, % 0.80% % 3.49% 0.25% Kirtland Federal Credit Union $796,051 $2, % 0.80% % 2.46% 0.26% U.S. Eagle Federal Credit Union $986,700 $5, % 1.14% % 6.95% 0.59% Average of Asset Group C $693,545 $2, % 0.92% % 4.51% 0.38% Asset Group D - $1 billion and over in total assets Nusenda Federal Credit Union $2,167,710 $7, % 0.73% % 3.46% 0.33% Sandia Laboratory Federal Credit Union $2,521,046 $5, % 0.35% 81.14% 3.25% 0.22% Average of Asset Group D $2,344,378 $6, % 0.54% % 3.36% 0.28% Source: SNL Financial NA = data was not available.

10 Net Worth

11 NM = per SNL Financial, the data was not provided as the ratios are too high/low to be meaningful. Net Worth Data Page 9 of 10 Net Worth March 31, 2018 Run Date: June 7, 2018 Region Institution Name Total Assets ($000) Total Net Worth ($000) Net Worth/ Assets (%) As of Date Net Worth Growth (Decline) - YTD (%) Total Delinquent Lns/ Net Worth (%) Classified Assets/ Net Worth (%) Asset Group A - $0 to $250 million in total assets Mt. Taylor Federal Credit Union $2,258 $ % 0.00% 1.38% 2.49% Rincones Presbyterian Credit Union $3,915 $ % 5.50% 7.69% 11.76% Fort Bayard Federal Credit Union $4,575 $ % 1.42% 7.08% 8.97% Deming Schools Employees Credit Union $4,882 $ % 7.23% 11.06% 3.76% Quay Schools Federal Credit Union $6,476 $1, % 7.40% 1.12% 6.75% U-1st Community Federal Credit Union $6,603 $1, % 4.64% 0.96% 5.35% Telco Roswell New Mexico Federal Credit Union $7,746 $1, % 1.63% 0.23% 4.05% Questa Credit Union $9,141 $2, % 9.42% 1.24% 3.80% Florist Federal Credit Union $10,148 $1, % (19.64%) 5.68% 3.70% Internationalites Federal Credit Union $11,063 $1, % 2.82% 1.17% 1.17% High Desert Community Credit Union $14,323 $1, % 9.01% 9.85% 7.16% Cuba Credit Union $15,968 $2, % 3.84% 5.25% 3.12% Los Alamos Schools Credit Union $19,355 $2, % 6.21% 0.25% 2.12% Northern New Mexico School Employee Federal Credit Union $22,081 $1, % 4.27% 1.95% 1.74% Jemez Valley Credit Union $22,969 $3, % 7.12% 4.60% 1.63% Four Corners Federal Credit Union $23,177 $3, % 2.13% 0.81% 2.95% Chaves County School Employees Credit Union $26,077 $4, % 2.72% 0.02% 0.90% Roswell Community Federal Credit Union $28,221 $3, % 7.43% 0.41% 1.65% Everyone's Federal Credit Union $30,690 $4, % 0.62% 0.76% 3.65% Belen Railway Employees Credit Union $31,272 $4, % 14.93% 4.15% 3.02% Financial Security Credit Union $45,226 $5, % 4.29% 4.94% 3.85% LOCO Credit Union $47,508 $7, % 7.54% 2.25% 6.37% Eddy Federal Credit Union $52,454 $6, % 3.83% 0.34% 6.02% Southwest Federal Credit Union $62,061 $4, % 0.57% 8.69% 2.68% Estacado Federal Credit Union $62,529 $6, % 5.40% 3.01% 5.06% Cannon Federal Credit Union $65,803 $5, % 13.00% 4.28% 11.89% Artesia Credit Union $100,129 $14, % 9.62% 2.87% 3.59% Animas Credit Union $134,643 $12, % 9.52% 7.11% 2.98% ZIA Credit Union $143,650 $11, % 12.55% 9.39% 7.89% Guadalupe Credit Union $168,143 $20, % 10.54% 6.04% 7.72% Average of Asset Group A $39,436 $4, % 5.19% 3.82% 4.59% Asset Group B - $251 to $500 million in total assets White Sands Federal Credit Union $306,621 $26, % 5.21% 2.37% 3.69% Otero Federal Credit Union $316,548 $44, % 4.91% 0.58% 1.55% Rio Grande Credit Union $331,065 $46, % 12.19% 3.73% 6.53% Average of Asset Group B $318,078 $39, % 7.44% 2.23% 3.92% Asset Group C - $501 million to $1 billion in total assets State Employees Credit Union $533,836 $63, % 11.29% 2.64% 6.33% First Financial Credit Union $547,665 $41, % 5.63% 8.59% 10.85% Del Norte Credit Union $616,727 $67, % 7.07% 2.07% 4.38% Sandia Area Federal Credit Union $680,293 $76, % 8.97% 2.21% 6.52% Kirtland Federal Credit Union $796,051 $106, % 3.88% 1.94% 3.97% U.S. Eagle Federal Credit Union $986,700 $102, % 7.13% 5.64% 8.31% Average of Asset Group C $693,545 $76, % 7.33% 3.85% 6.73% Asset Group D - $1 billion and over in total assets Nusenda Federal Credit Union $2,167,710 $226, % 11.42% 3.11% 5.56% Sandia Laboratory Federal Credit Union $2,521,046 $282, % 7.42% 1.92% 1.56% Average of Asset Group D $2,344,378 $254, % 9.42% 2.52% 3.56% Source: SNL Financial NA = data was not available.

12 Definitions

13 Credit Union Index DEFINITIONS Total assets ($000) All assets owned by the credit union as of the date indicated, as carried on the balance sheet and defined under the indicated accounting principles. Asset growth rate (%) Growth in total assets. Annualized is equal to (current period total assets minus previous period total assets) divided by previous period total assets. Net income ($000) Net income after taxes, minority interest, and extraordinary and other after-tax items. Noncontrolling interest may be included, per relevant accounting standards. FASB Accounting Standards Codification (ASC) Section , which includes noncontrolling interests for fiscal years starting after December 15, 2008, for example. Market growth rate (%) Delinquent loans => 2 months ($000) The annualized change in shares and deposits calculated as current period shares and deposits less prior period shares and deposits as a percent of prior period shares and deposits. Loans that are greater than or equal to 60 days delinquent. Return on average assets (%) Return on average assets; net income as a percent of average assets. NPL loans (%) Total nonperforming loans as a percent of total loans and leases, net of unearned income and gross of reserve. Return on average net worth (%) Operational expense operational revenue (%) Salary expense employees Total loans and leases ($000) Total shares and deposits ($000) Return on average equity; net income as a percent of average equity. Noninterest expense before foreclosed property expense, amortization of intangibles, and goodwill impairments as a percent of net interest income (fully taxable equivalent, if available) and noninterest revenues, excluding only gains from securities transactions and nonrecurring items. Salary and benefits expense divided by number of full-time equivalent employees at end of period. The total of loans and lease financing receivables, net unearned income. Includes loans secured by real estate; loans to depository institutions; loans to finance agricultural production and other loans to farmers; commercial and industrial loans; acceptances of other banks (both US and foreign); loans to individuals for household, family, and other personal expenditures; loans to foreign governments and official institutions; obligations of states and political subdivisions in the United States; other loans (for purchasing or carrying securities, for example, and not including consumer loans); lease financing receivables (net unearned income); and less any unearned income on loans reflected in items above. Amounts in customers banking deposits; any accounts subject to federal banking deposit insurance, including any portions in jumbo deposits that aren t insured but subject to the FDIC deposit regulations. Reserves loans (%) Reserves nonperforming loans (%) Delinquent loans assets (%) NPAs equity LLRs (%) Total net worth ($000) Net worth assets (%) Net worth growth (decline) - YTD (%) Total delinquent loans net worth (%) Classified assets net worth (%) Reserves for loan losses as a percent of loans before reserves. Loan loss reserves as a percent of nonperforming loans. Total delinquent loans greater than or equal to 60 days as a percent of total assets. Nonperforming assets (loans delinquent at least 60 days and other real estate owned) as a percent of equity and loan loss reserves. Sum of undivided earnings, regular reserves, appropriation for non-conforming investments, other reserves, uninsured secondary capital, and net income. Net worth as a percent of total assets. The annualized change in net worth calculated as current period net worth less prior period net worth as a percent of prior period net worth. Total delinquent loans as a percent of net worth. Classified assets, the sum of allowance for loan losses and appropriation for non conforming investments, as a percent of net worth. Total assets employees Total assets divided by number of full-time equivalent employees at end of period. Total loans total shares (%) Total loans as a percent of total shares. Yield on average assets (%) Return earned on average assets, expressed as a percent. Total interest and dividend income divided by average assets. Interest expense average assets (%) Total interest expense as a percent of average assets. Net interest income average assets (%) Interest on loans and investments less cost of funds as a percent of average assets.

Credit Union Index AN ANALYSIS OF NEW MEXICO CREDIT UNIONS

Credit Union Index AN ANALYSIS OF NEW MEXICO CREDIT UNIONS Credit Union Index The Credit Union Index is published by the New Mexico ASSET SIZE DEFINITION New Mexico office of Moss Adams. For more ALBUQUERQUE